7 U.S. Code § 1921 - Congressional findings

The Congress finds that the statutory authority of the Secretary of Agriculture, hereinafter referred to in this chapter as the “Secretary,” for making and insuring loans to farmers and ranchers should be revised and consolidated to provide for more effective credit services to farmers.

This chapter, referred to in text, was in the original “this title”, meaning title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, as amended, known as the Consolidated Farm and Rural Development Act. For complete classification of title III to the Code, see Short Title note set out below and Tables.

Codification

Section is comprised of subsec. (b) ofsection
301 of Pub. L. 87–128. Subsec. (a) of such section
301 is set out as a Short Title note below.

Effective Date

Former section
300.1 of Title 6, Code of Federal Regulations, promulgated on Oct. 15, 1961, by the Administrator of the Farmers Home Administration, published in 26 F.R. 10031, provided: “The Consolidated Farmers Home Administration Act of 1961 (7 U.S.C. 1921) [this chapter], is hereby made effective on October 15, 1961, except (a) as to its authorizations to make and sell insured loans with 41/2 percent yield to the lender and a three-year repurchase agreement which was made effective by regulations issued on September 13, 1961 (26 F.R. 9307), pursuant to assignment of functions contained in 26 F.R. 7888, and (b) that the provisions of Title IV of the Bankhead-Jones Farm Tenant Act which requires mineral reservations in lands disposed of under Title III of that Act [sections
1010 to
1012 and
1013a of this title] shall not become effective until December 7, 1961.” See section 341(a) ofPub. L. 87–128, set out as a note under this section.

Short Title of 2000 Amendment

Pub. L. 106–554, § 1(a)(4) [div. B, title V, § 501], Dec. 21, 2000, 114 Stat. 2763, 2763A–268, provided that: “This title [enacting subchapter VI of this chapter and amending provisions set out as a note under section
3121 of Title
42, The Public Health and Welfare] may be cited as the ‘Delta Regional Authority Act of 2000’.”

Pub. L. 99–409, § 1,Aug. 28, 1986, 100 Stat. 923, provided: “That this Act [amending section
1932 of this title and enacting provisions set out as a note under section
1932 of this title] may be cited as the ‘Rural Industrial Assistance Act of 1986’.”

Short Title of 1984 Amendment

Pub. L. 98–258, title VI, § 601,Apr. 10, 1984, 98 Stat. 138, provided that: “This title [enacting section
1981b of this title, amending sections
1943,
1946,
1961,
1964,
1986, and
1994 of this title, enacting provisions set out as notes under sections
1961 and
1981 of this title, and amending provisions set out as a note preceding section
1961 of this title] may be cited as the ‘Emergency Agricultural Credit Act of 1984’.”

Pub. L. 101–624, title XXIII, § 2396,Nov. 28, 1990, 104 Stat. 4058, provided that: “Except as otherwise provided in this title [see Short Title of 1990 Amendment note set out above], no later than 180 days after the date of the enactment of this Act [Nov. 28, 1990], the Secretary shall promulgate such regulations as may be necessary to carry out this title and the amendments made by this title.”

Preservation of Eligibility for Credit Assistance Under Federal Law

Pub. L. 101–624, title XXIII, § 2395,Nov. 28, 1990, 104 Stat. 4058, provided that: “Notwithstanding any other provision of law, this title [see Short Title of 1990 Amendment note set out above] shall not be construed to adversely affect the eligibility, as it existed on the date of enactment of this Act [Nov. 28, 1990], of cooperatives and other entities for any other credit assistance under Federal law.”

Use of Qualified Personnel by the Department of Agriculture

Pub. L. 95–334, title I, § 126,Aug. 4, 1978, 92 Stat. 429, provided that: “It is the sense of Congress that, in carrying out the provisions of the Consolidated Farm and Rural Development Act [see Short Title note set out above], the Secretary of Agriculture should ensure that—

“(1) only officers and employees of the Department of Agriculture who are adequately prepared to understand the particular needs and problems of farmers in an area are assigned to such area; and

“(2) a high priority is placed on keeping existing farm operations operating.”

References in Other Laws to Bankhead-Jones Farm Tenant Act or Water Facilities Act; Repeals; Savings and Separability Provisions

“(a) Reference to any provisions of the Bankhead-Jones Farm Tenant Act [see section
1000 of this title] or the Act of August 28, 1937 (50 Stat. 869), as amended, superseded by any provision of this title [this chapter] shall be construed as referring to the appropriate provision of this title [this chapter]. Titles I, II, and IV of the Bankhead-Jones Farm Tenant Act, as amended, and the Act of August 28, 1937 (50 Stat. 869), as amended, the Act of April 6, 1949 (63 Stat. 43), as amended, and the Act of August 31, 1954 (68 Stat. 999), as amended, are hereby repealed effective one hundred and twenty days after enactment hereof [Aug. 8, 1961], or such earlier date as the provisions of this title [this chapter] are made effective by the Secretary’s regulations except that the repeal of section 2(c) of the Act of April 6, 1949, shall not be effective prior to January 1, 1962. The foregoing provisions shall not have the effect of repealing the amendments to section
24, chapter 6section
24, chapter 6 of the Federal Reserve Act [section
371 of Title
12], as amended, section 5200 of the Revised Statutes [section
84 of Title
12], section 35 of chapter III of the Act approved June 19, 1934 (D.C. Code, title
35, section
535), enacted by section 15 of the Bankhead-Jones Farm Tenant Act, as amended, and by section 10(f) of the Act of August 28, 1937 (50 Stat. 869), as amended.

“(b) The repeal of any provision of law by this title [this chapter] shall not—

“(1) affect the validity of any action taken or obligation entered into pursuant to the authority of any of said Acts, or

“(2) prejudice the application of any person with respect to receiving assistance under the provisions of this title [this chapter], solely because such person is obligated to the Secretary under authorization contained in any such repealed provision.

“(c) If any provision of this title [this chapter] or the application thereof to any person or circumstances is held invalid, the remainder of the title [this chapter] and the application of such provision to other persons or circumstances shall not be affected thereby.”